Friday, October 19, 2012

It has been reported today that the world is facing a
shortage of 1.3 billion bottles of wine this year, mainly due to the erratic
weather across Europe.

According to Bloomberg, the production slumps in France,
Italy and Spain have led to worldwide shortage. And since the European harvest
accounts for 62 per cent of worldwide wine production, this shortage is bound
to have a serious impact on Bertrand Girard, the chief executive office of Groupe Val d’Orbieu,
today said: “We’re short of wine. We've never seen that in three or four
decades.” The global shortfall is expected to be over 250 million gallons. Even
though wine consumption has steadily increased over the past decade, production
has consistently fallen, according to data from the International Organisation
of Vine and Wine.

Here at Capital Vintners we know that a shortage in supply
will push up demand for these fine wines across France, especially Bordeaux and
Burgundy. With the Bordeaux region coming out a lot better than many other
regions this harvest, the 2012 Grand Crus are bound to attract a lot of
attention.